@lyndal1838 wrote:
I also pay all my bills online and only recently discovered that I could avoid the dreaded credit/debit card surcharge by using paypal.
I use PayPal a lot, too, and I don't think they are going anywhere any time soon, but they will be affected by the switch - more than people might think at first glance, anyway.
eg Aside from the fees they make from processing eBay's payments, they make a lot of money through their working capital loans. eBay sellers are prime targets for this kind of service, because they are usually not eligible for other types of business loans. Once such sellers stop getting funds to their PP accounts, they will no longer be eligible for loans because it's based entirely on how much you receive in payments. I also use my PayPal account to purchase stock (outside of eBay, of course), because that's where a lot of my funds go... No funds in my PayPal account, maybe I'll still use the account and fund the payments via card, maybe I won't (i..e. volume of payments received falls, volume of payments made falls).
They would also be losing some market share to services like Afterpay, and in turn that will be making people more comfortable with using their CC's online (in circumstances where it doesn't cost them, anyway, but a lot of the time that will be an easily dismissable cost as it's usually 1% or less). Once eBay makes the switch - and if the stats about this site being the most vistited shopping site by far (within Aus) are correct - people may become even more comfortable with using them elsewhere.
